Sentences with phrase «benefit pension plans when»

The United Steelworkers union and a group of former executives of aluminum processor Indalex Ltd. had appealed the case to the Ontario appeal court as they were left with underfunded defined - benefit pension plans when the company went into Companies» Creditors Arrangement Act proceedings.

Like Stelco and Nortel before it, thousands of pensioners of Sears Canada are experiencing firsthand what happens to corporate Defined Benefit pension plans when a business fails.

Not exact matches

Both of our jobs currently have defined benefit pension plans in place, both of which we are vested in — I don't put a dollar figure on those but figure those will provide 3k to 4k in retirement income when we retire, depending upon when we retire and then when we choose to draw it.

Quite by chance, a supplier told Xu about IBEW and when he learned that unionized electricians were earning almost three times as much as he was — with benefits, a generous pension plan and an Employment Insurance top - up when they were between jobs, he was anxious to join.

In 1978, when the law authorizing the creation of the 401 (k) was passed, employers commonly attracted and retained talent by offering a secure retirement through a pension (a type of a defined benefit plan).

Saunders, the president of the Vancouver and District Labour Council, says that Canadian workers and their pensions are more exposed to risk during market trouble because of the successful campaign over the past decades to move from defined benefit pensions, which guarantee a certain monthly amount when you retire, to defined contribution plans, promoted by market enthusiasts.

When the process has run its course, they threaten their work force with bankruptcy that will wipe out its pension benefits if employees do not agree to «downsize» their claims and replace defined - benefit plans with defined - contribution plans (in which all that employees know is how much they pay in each month, not what they will get in the end).

What we need to do is to estimate our retirement income, and decide when we should start our Canada Pension Plan benefits.»

The government has said the expanded Canada Pension Plan (CPP) will help smaller firms compete with larger counterparts because there won't be as big a gap when it comes to pension benefits, saidPension Plan (CPP) will help smaller firms compete with larger counterparts because there won't be as big a gap when it comes to pension benefits, saidpension benefits, said Kelly.

That shortfall is not serious and would disappear when she starts to receive Canada Pension Plan and Old Age Security benefits.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

Shadow work and pensions secretary Philip Hammond called for the new ways of collecting maintenance, and plans to increase the level of benefits which are disregarded when calculating maintenance - to # 10 - to be introduced immediately.

The party is planning to campaign against the CGT cuts in the coming weeks to apply more pressure on the chancellor following Iain Duncan Smith's shock resignation as work and pensions secretary, when he branded Osborne's budget «deeply unfair», triggering the scrapping of the disability benefit cuts.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

The work and pensions secretary released the figures ahead of next week's upratings bill is debated in the Commons, when MPs will vote on the government's plans to put the brakes on future benefits increases.

And when teachers (and other public employees) have been given a choice between defined benefit pensions and defined contribution plans, the vast majority typically chooses the defined benefit pension plan.

As it will be clear later, when it comes to pension plans, retirement plan costs do not always translate into retirement plan benefits, and the Chester Charter School is offering a pretty good retirement plan.

Similarly, Kevin E. Cahill and colleagues found that when Oregon changed its pension plan, reducing its extremely lucrative benefits to pension values that were merely on par with those of other states, there was no decline in teacher retention.

But fat pension and health care benefits make perfect sense to union leaders — especially when the union runs the health care insurance plan, as is the case in Milwaukee.

We reviewed pension plans and projections in all 50 states, looking specifically at state assumptions about teacher behavior at two inflection points: early career, when they become eligible for minimal pension benefits, and late career, when they become eligible for full pension benefits.

As I write in a piece for RealClearEducation, «When advocates for traditional defined - benefit pensions say things like, «pension plans would be in better financial shape if states made their required contributions,» that's true, but only half the story.

Defined benefit plans offer very little to early - career workers, jump in value a bit when employees «vest» into the system and qualify for a minimum pension, and then increase steeply as employees near retirement.

When it comes to pension plans, public employee unions (PEUs) insist on defined benefit pension plans for its members.

When states are placed on the continuum based on their teacher plan type, it's evident that a majority of states still enroll teachers in a traditional defined benefit pension plan.

The district staff will explain to the school board their plans to decrease the deficit drivers at future meetings when they explore special education, pension costs and retired benefit costs.

That's the first thing that struck me when reading the National Public Pension Coalition (NPPC) short report, «Why Pensions Matter: The history of defined benefit pension plans in the United States of America.Pension Coalition (NPPC) short report, «Why Pensions Matter: The history of defined benefit pension plans in the United States of America.pension plans in the United States of America.»

When they begin working in Florida schools, they can choose to join the state's traditional defined benefit (DB) pension plan, or they can enroll in a portable defined contribution (DC) plan instead.

Since most of us don't have a defined benefit pension plan, an RRSP becomes even more important when planning for retirement.

You know you should be thinking about retirement savings too, because the days are gone when you could expect to retire with a generous defined benefit pension plan.

With no company pensions, they live off their Canada Pension Plan and Old Age Security benefits and dip into their personal savings when necessary.

Join your Company Pension Defined benefit plans are a sweet deal — you're guaranteed a set amount when you retire, and in many jurisdictions, the law guarantees that your employer will contribute at least half of the value of the plan.

Q: Buying non-contributory service in a defined benefit pension plan is a no - brainer when you're young, but how about near retirement?

What we need to do is to estimate our retirement income, and decide when we should start our Canada Pension Plan benefits.»

Add in continuing net rent of $ 5,400, estimated Canada Pension Plan benefits of $ 7,000 when each is 65 and Old Age Security at $ 7,004 per year each and their total pre-tax income will be $ 72,172.

Assuming that the couple retires when Harry is 65, Harry could expect maximum Canada Pension Plan benefits, currently $ 13,370 per year.

When states created pension plans, there was a path of expected benefit payments associated with them.

You also need to figure out when to start your Canada Pension Plan and Old Age Security benefits.

He has a good defined benefit pension plan, and when he retires he expects a healthy income from his pension and other investments.

When will I receive Canada Pension Plan (CPP) / Quebec Pension Plan (QPP) benefits and how much will I get?

In my personal case, I contribute to a defined benefit pension plan which is fully funded and which should provide a very solid income stream when I am ready to begin collecting (55 is the minimum retirement age).

Defined benefit pension plans do not even have a pre-retirement rate of return, then they're annuitized when paying out.

If they do all this, when they retire at 60, they'll have a paid - off home, a paid - off rental property with a healthy income stream, topped - up TFSAs, substantial RRSPs, a good defined benefit pension plan for Colin, as well as other savings.

When I retire at age 65, I will then be collecting from two separate defined benefit pension plans.

That entails the question of when to start Canada Pension Plan benefits, when to start taking money out of his $ 100,000 RRSP and / or the couple's Tax - Free Savings Plans that add up to $ 61,300.

Yes, it's true that defined benefit pension plans — when the company you dedicated yourself to for many years would continue to pay a stream of income through your retirement — were helpful but are now largely extinct.

This point becomes abundantly clear when comparing participants in 401 (k) plans and defined benefit (traditional) pensions.

When a woman's husband passes away she is suddenly deprived of the benefits of his Social Security and pension plan, but still must plan on living about five years longer.

From spending more time fixing up her rural cabin to signing up for swimming lessons and spending more time on her stained - glass hobby, Nathalie has planned well for the day in July when, 55 years of age, she will have completed 10 years at the government, where she can walk away with a Defined Benefit Pension plan that pays $ 17,000 annually for life — starting when Nathalie turns 60.

«So should I stick with a 65 % fixed income, 35 % equity allocation until age 60, and then when the defined benefit pension plan payments of $ 17,000 annually kick in, should I switch to a riskier portfolio with more equity?

In the current editorial of MoneySense (April issue), I talk about our theory that one reason the magazine launched when it did — 15 years ago — was that this was around the time the trend of the decline of traditional «Defined Benefit» employer - sponsored pension plans had gotten well under way.